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Meles Zenawi is the former Prime Minister of Ethiopia. Eskinder has also been awarded by the Ethiopian Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of the best engineers benefiting Ethiopia. During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. . Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. Egypt - $394.28 billion. The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. Buzayehu's East African Holdings is made up of several sister or subsidiary companies involved in manufacturing fast moving consumer goods, printing and packaging, agriculture (commercial farming), transport, agro processing, cement production, real estate, coal mining, coffee export, and coffee roasting and packing. The $161 million bump in his wealth figures can be attributed to the strong performance of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, which continues to track the performance of publicly . Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. Ethiopia is home to about 105 million people. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . From Nigeria, he is the founder and . He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Mohammed Hussein Al Amoudi Biography. Top 10 Universities in Africa; 20 Interesting Facts about Africa; Top 100 richest people in africa; Top 7 most developed African countries; Richest Person In Kenya And Top 10 Wealthy Kenyans; Turkey is to completely erase all Somalia's debts to the IMF; 10 trending Kaftan outfit ideas for grooms-to-be; 5 highest paid African football players . By 1988, Al Amoudi's company MIDROC or Mohammed International Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract to build an underground oil storage complex for Saudi Arabia. The Ture business empire is engaged in the import and distribution of hardware, machinery and construction materials, including the installation of small and large scale factories. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Wealth Milestones. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. Jeff Bezos. Mohammed Al Amoudi - $8.3 Billion. She is the widow of the late dictator Meles. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Not only one of Ethiopia's richest and a billionaire, but Samuel is also a role model representing what hard work and honesty can bring into one's life. He is still one of the most influential people in the whole of Ethiopia today. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Who is the richest person in the world 2021? At the time of writing, Co-op Bank shares on the Nairobi Securities Exchange were trading at Ksh12.5 ($0.0985), 4 basis points lower than their opening price this morning, pushing the companys market capitalization further below the Ksh74-billion ($580 million) mark. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. Nigeria is the richest and most populous country in Africa. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Estimated net worth: $10 billion. began its explosive rise as one of Ethiopias largest business enterprises. Top 10 Richest People In New Zealand and Their Net Worth 2022. Aside from his leadership role in Ethiopias first and only indigenous oil and gas company, SouthWest Energy, the leading business tycoon played a vital role in transforming the Ethiopian energy sector. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Most of the coffee produced here is exported and that made this agricultural company famous. Top 10 Wealthiest/Richest People In Ethiopia In 2023. From there, he would buy oil refineries in Morocco and Sweden, engage in oil exploration off West Africa, open one of Africa's best hotels (Sheraton Addis), finance a factory to build Saudi's first car, begin gold mining, steel production, tire production and enter the oil market in Ethiopia. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. Kenya - $269.29 billion. Net Worth: Top 25 Famous, Richest Actors In Nigeria In 2023 (Highest-Paid Nigerian Nollywood Actors), Net Worth: Top 20 Richest Footballers In Africa In 2023, Their Names, Ages, Country, Forbes, Cars, Houses, Pictures, Etc, Accurate List: Top 10 Best Rappers In Africa In 2023; Their Names, Countries, and Rank, Net Worth: Top 10 Richest Rappers In Africa In 2023 (Highest-Paid African Rappers By Forbes), Net Worth: Top 10 Youngest Richest Men In Ghana In 2023 That Live Lavish Lifestyles, Ghanaian Fraud Boys: Top 10 Richest Scammers In Ghana In 2023; Their Net Worth, Names, Ages, Pictures, Net Worth: Top 20 Richest Musicians In Ghana In 2023 Most Successful Ghanaian Artists Now. With such a massive penetration of Ethiopia's largest industries, Buzayehu Bizenu is nothing short of an Ethiopian billionaire, mogul and one of Ethiopia's richest. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. In 2010, she retired from the group, leaving her empire to be managed by her sons. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. Some of them include Columbia University's Africa Center Advisory Board, Atlantic Council International, New York's East West Institute, Initiative for Global Development, and was the winner of Young Global Leader (World Economic Institute). Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. He has been chairman of Ethiopian Airlines. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Ethiopia is home to over 122 million people, per Worldometer. Kanye West. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. The shares from the company have made her present estimated worth of about $1.5 billion. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. In 2020, private wealth in Ethiopia was estimated at $57 billion, $1-billion higher than the figure for Ghana and $33-billion lower than Kenyas $90 billion. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Samuel Tafesse is one of the most famous businessmen in Ethiopia. 3. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. Who are the richest celebrities in Ethiopia in 2023? Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks, and her airline, Suhura Airways, a Somalian charter carrier established in 2009. Berhane Gebrekristos - $2 Billion. 1. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. This was the beginning of his journey to financial success. The banks share price has dropped 7.8 percent since the start of the year, from Ksh39.8 ($0.322) on Jan. 1 to Ksh36.7 ($0.288) on Feb. 28, pushing its market capitalization below Ksh60 billion. Source: Oil & Gas, Real Estate and Technology. Furthermore, Zenawi received praise for his work towards a stable relationship with the African Union, playing an important role in improving the continents position on climate change. He was named as Ethiopia's richest man, the 2nd richest black person in the world, and the 2nd richest Saudi Arabian, all this proves that Mohammed Al Amoudi has earned the title of tycoon. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks and her airline, Suhura Airways, a Somalian charter carrier established in 2009. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 1. His company Dangote Group is currently on an expansion drive to many other African countries. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Africa is the second largest continent in the world in terms of land area and population. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. In 2010, she retired from the group, leaving her empire to be managed by her sons. Ndegwas stake in NCBA has dropped by Ksh219.82 million ($2.39 million) as a result of the recent decline in the banks share price, from Ksh2.82 billion ($22.85 million) at the start of the year to Ksh2.6 billion ($20.46 million) at the time of writing this report. 1. This billion-dollar deal is Ethiopias largest-ever privatization agreement. He has also invested in various sectors of business that have made the work simpler for him to gain profits. now scroll down to watch cat videos, Thank me later! Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. The Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. List of wealthiest Canadians (Forbes, 2021) World rank Name Net worth (USD) Source of wealth 33: David Thomson & family: US$41.8 billion: Media 189: Joseph Tsai: . Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. As of November 2022, Aliko Dangote was the richest man in Africa. Who is the first billionaire in Ethiopia? Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Since the company is facing competitors the business has decreased making enough profit like before. Azeb Mesfin - $4 Billion. Sebhat Nega - $2 Billion. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. $180 Billion. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Rich List 2022 is our definitive guide to the wealth of the UK's richest people. Through the crafty use of his family's trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. The enterprise was established as an operating holding for subsidiary companies acting in various sectors, such as FMCG manufacturing, agriculture, agro-processing, printing and packaging, transport, real estate, cement production, and coal mining. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. (Reuters) Larry . This year, War, pandemic and sluggish markets hit the world's billionaires whose number drop by 87 to 2,668 on Forbes' annual ranking of the planet's richest people. Kanye West has made it to the top of the list this year by beating Jay-Z. Samuel Tafesse is one of the most famous businessmen in Ethiopia. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . Seeing as Co-op Bank is the third-largest bank in Kenya, with 65 percent ownership by local co-operatives, and the largest co-operative bank in Africa, this injection of funds is sure to have a substantial impact. Ethiopia has a great environment for coffee cultivation. Meles Zenawi - $3 Billion. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Belayneh Kindie has amassed a fortune through his Belayneh Kindie (BK) Business Group, an Ethiopia-based group initially focused on exporting oil seeds, nuts and other products. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. The closest and most trusted friend of Meles and Azeb. Copyright 2023 allaboutETHIO.com All Rights Reserved. Beginning with small contracts, such as roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company to blow up into the giant it is now: Sunshine Construction Group. BBC Africa. With a degree in economics from Columbia University as well as an alumnus of the world renowned Harvard Business School, Tewodros well versed in the ways of international business would bring his knowledge to Ethiopia, after holding prominent positions in the west. Following the opening of its 22nd location in Hamburgs trendy St. Pauli District, the group is on course to control 500 global soleRebels branded retail stores and generate $1 billion in revenues by 2028. Belayneh Kindie: Belayneh Kindie started his business, Belayneh Kindie Import and Export (BKIE), in 2005 with a startup capital of just 111,000 USD or 3,000,000 ETB. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . 2. Bill Gates. Below is a list ofthe top 20 richest Ethiopians in 2023. From the beautifully designed Bole Road-Wello Sefer overpass to various other projects all over Ethiopia, he and his company have received a multitude of accolades. in 1976, as a mere youth. Expanding further by looking to the booming construction industry in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which he rents out. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Who is the richest person in Uganda 2021? The data and graphics were last updated on November 8th, 2021. The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. Khat is a leafy green plant containing two main stimulants used mainly in North East Africa, the Arabian Peninsula and expatriate communities from these regions. After completing his education, Duffuor made the highly lucrative move into banking. As a result, Ndungu and Maina, who had a combined 38-percent stake in the now-defunct holding company, will not receive any compensation for their investments. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. By 2015, Belayneh would go on to invest in Ethiopia's agricultural sector with the initial payment of 25,000,000 ETB or 1,000,000 USD for 250 hectares of land for the cultivation of sesame, coffee, etc. Samuel Tafesse - $1.6 Billion. This billion-dollar deal is Ethiopias largest-ever privatization agreement. The 63-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and real estate development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Patrick T. Fallon/Bloomberg. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. Whitney MacMillan (conceived September 25, 1929) is a beneficiary to the Cargill-MacMillan fortune and filled in as the CEO of Cargill, America's most significant privately owned business. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. February 6, 2023. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. Africa is home to some of the wealthiest people in the world. As of 31 December 2020, the banks assets were valued at Shs8. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. Taking the position of Prime Minister of Ethiopia from 1995 (until his death in August 2012), Zenawi was hailed as one of Africas strongmen, introducing a multi-party political system, and private press in the country, and reducing child mortality rates. The California based technology entrepreneur is the Board member and co-founder of . Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Date of birth: 24th February 1967. Top 10 Richest Men In Uganda 2021 He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 2. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends Akikos deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated a solar plant in the country. The-CNN-Wire. Over 80% of the people in Somaliland are avid chewers of khat, but due to the harsh climate in the region, the cultivation of khat is not possible, leaving them dependent on Ethiopian khat. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Eyob "Joe" Mamo. The total valuation of Australia's 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list . Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). The six-percent stake would make him the latest in a slew of new minority partners that the U.S. soccer franchise has added in recent years. Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history. Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. Add to this innovativeness and the ability to make something from nothing, and you have the recipe that makes the following list of the richest Ethiopians. As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc. Tewodros Ashenafi is an Ethiopian entrepreneur and the CEO of SouthWest Energy, an Ethiopian oil and gas exploration and production company based in Addis-Ababa, the capital city of Ethiopia. This is a 120 kilometre (75 mile) strip of land which lies between the . Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. Pevans East Africa, the holding company for SportPesa, began distributing dividends to its shareholders in 2015, with a total payout of Ksh1.57 billion ($23.46 million). Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. 9. Morocco - $302.77 billion. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Advertisement. She also has a criminal image of herself among the people of Ethiopia, with the name mother of corruption given to her by the people. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. Recently, Akiko, along with the Italian Enel Green Power, was to sign a 3,240,000,000 ETB or 120,000,000 USD to develop, operate and build a solar power generation plant in Metehara. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. All Rights Reserved. This financing will aid Co-op Bank in strengthening its capital base, with Norfund participating in the financing through a direct credit line of $16 million and an additional $3.4 million through European Financing Partners. NCBA Group, a Nairobi-based financial services conglomerate led by the wealthy Kenyatta, Merali, and Ndegwa families, operates as a non-operating holding company through its vast network of subsidiaries in Tanzania, Rwanda, Uganda, and Cote dIvoire. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. (Sponsored Content) Published. With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Search by Location. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. However, the recent bump in his wealth comes after his net worth slumped by $1.25 billion in 2022, from $6.71 billion to $5.46 billion. Jamel Toppin . richest nigerian in houston. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. Through his legal representative, Ekuru Aukot, Ndungu clarified that the injunction against him and Maina had already expired on Jan. 24, as per the law, and had not been renewed. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. . Late last year, Musk became the first person ever to lose $200 billion in wealth after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022.